Natixis Advisors LLC Raises Stock Holdings in LKQ Corporation (NASDAQ:LKQ)

Key Points

• Natixis Advisors LLC increased its holdings in LKQ Corporation by 44.5% in the first quarter, owning 164,812 shares worth approximately $7 million.
• LKQ Corporation reported $0.87 earnings per share for the recent quarter, missing analysts' expectations, while revenue was slightly above forecasts at $3.64 billion.
• The company announced a quarterly dividend of $0.30 per share, representing an annualized payout of $1.20 and a dividend yield of 4.1%.

Natixis Advisors LLC lifted its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 44.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,812 shares of the auto parts company's stock after purchasing an additional 50,744 shares during the quarter. Natixis Advisors LLC owned 0.06% of LKQ worth $7,011,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LKQ. Banque Cantonale Vaudoise purchased a new position in shares of LKQ during the first quarter worth about $40,000. UMB Bank n.a. grew its holdings in shares of LKQ by 104.8% during the first quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after purchasing an additional 500 shares in the last quarter. Horizon Financial Services LLC purchased a new position in shares of LKQ during the first quarter worth about $42,000. Bruce G. Allen Investments LLC grew its holdings in shares of LKQ by 299.6% during the first quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock worth $48,000 after purchasing an additional 851 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of LKQ by 70.9% during the first quarter. Whittier Trust Co. now owns 1,707 shares of the auto parts company's stock worth $73,000 after purchasing an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Stock Performance

NASDAQ:LKQ opened at $29.52 on Tuesday. The firm has a market cap of $7.60 billion, a PE ratio of 10.81 and a beta of 0.92. LKQ Corporation has a fifty-two week low of $29.02 and a fifty-two week high of $44.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. The business has a 50 day moving average price of $37.18 and a 200-day moving average price of $39.27.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The company had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.62 billion. LKQ had a net margin of 5.04% and a return on equity of 13.85%. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.98 EPS. Equities research analysts predict that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, August 14th. LKQ's dividend payout ratio is currently 43.96%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LKQ. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research note on Tuesday, July 22nd. Finally, Robert W. Baird cut their target price on LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $51.40.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.

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